DESOTO, Texas, Sept. 8, 2004 (PRIMEZONE) -- eTelcharge.com (ETLC), announced today that they will launch a new version of its exclusive new online currency free for merchants and online shoppers who sign up prior to roll out.
New merchants who open a merchant service account with eTelcharge.com will automatically receive the latest version of the proprietary telephone-billing alternative when the new service is launched. The official commercialization is scheduled for early 2005. The initial version of eTelcharge, which allows online shoppers to charge their purchases to their phone bill has been retired and will be replaced by an enhanced version. "We are pleased with the initial trial of the dubbed New Online Currency by our marketing team and believe that our new version will meet the anticipation of the market for a robust and viable alternative to traditional credit card, checks and debit card choices online," stated Carl O. Sherman, President & CEO. "The new version will showcase new back-end features requested by the existing customers, such as pre-approved automatic monthly billing for subscription-type products, like magazines and other publications."
Merchant clients like Jeff Covington, co-owner of Fool Proof Foods, Inc. expressed some disappointment in not being able to provide the option now; however he thinks that the improved version is worth the wait. "Their exclusive phone billing payment option surpassed Visa, MasterCard and American Express transactions combined; so if they want to make it better, I think it is worth the wait," responded Mr. Covington.
Beginning Today, Merchants will be able to pre-order the enhanced new online currency option from www.etelcharge.com. Online merchants should apply now for a full-service merchant account due to projected demand of the promotional free offer.
The current client list of eTelcharge.com ranges from accounts like Samsung, listed as the most profitable tech company in the world according to Forbes, to swav media, formerly nlinks.com, a tech retail operation. A demo of the new eTelcharge pay service will be available to view soon.
About eTelcharge.com
eTelcharge.com, Inc. (ETLC) offers multiple payment options on the Internet to date. The Company offers the traditional credit card merchant services along with the exclusive new online currency, eTelcharge, designed to reduce the risk of credit card fraud and identity theft by providing an Internet credit option for online shoppers to charge items sold over the Internet to their telephone bill. This payment option is a perfect match for the 70 million Americans who do not own a credit card. eTelcharge.com is currently the only company with the ability to charge a category of products to the home phone bill. Clearly, past electronic commerce solutions have not employed effective security and privacy techniques that adequately address consumer concerns about privacy and security on the Internet today. The release of the latest version of the proprietary phone billing option is scheduled to be launched early 2005. Prior to the release of the latest version of The New Online Currency or phone billing payment option service will not be available to merchants until the new version is complete. eTelcharge offers the traditional credit card merchant services, checks and other existing financial infrastructure of banks along with the exclusive new online currency -- providing online shoppers the choice to charge items to their telephone bill. For more information, go to http://www.eTelcharge.com.com.
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements involve a number of known and unknown risks and uncertainties that may cause eTelcharge.com, Inc. and actual results or outcomes to be materially different from those anticipated and discussed herein. These include its historical lack of profitability, the need for additional capital, end-use customers' acceptance of new products and actual demand, which may differ significantly from expectance of new products and actual demand, which may differ significantly from expectations, the need for eTelcharge.com, Inc. to manage its growth, and other risks associated.
For further information please contact: Public Relations eTelcharge.com, Inc. 1636 N. Hampton Road, Suite 270 DeSoto, Texas 75115 972-298-3800 publicrelations@etelcharge.com www.etelcharge.com